US medical plastics market to grow at CAGR of 4.9% over the next 5 years

08-Sep-10

The US medical plastics market at about 3.3 bln lbs in 2009, is expected to reach 3.5 bln lbs in 2010 and 4.4 bln lbs by 2015, at a compounded annual growth rate (CAGR) of 4.9% over the next 5 years, as per a report by BCC Research. Commodity thermoplastics dominate the market with a little more than 55% of total volume. This sector is estimated at nearly 2 bln lbs in 2010 and should increase at a CAGR of 4.8% to reach 2.5 bln lbs in 2015. TPEs, engineering resins, and thermosets will show the most significant growth rates over the next 5 years although they only constitute about 20% of total volume. Of these, TPEs will experience the highest compound annual growth rate (CAGR) of 6.2%, from 68 mln lbs in 2010 to 92 mln lbs in 2015.